Alpek Upsizes Bond Debut

Nov 16, 2012

Mexican petrochemical producer Alpek has raised $650m in the debt capital markets, getting $4.6bn in demand from its first-ever international issuance and upsizing by $50m from initial expectations. Whether the UST+295bp level came inside of peer Mexichem (Ba1+/BBB minus) depends on who is asked, with investors and bankers spotting Mexichem’s 2022 at 290bp-300bp...